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exploded during the bush years, obama added on top of that. let's remember all the sequester does is shave off a little bit of the built-in growth of government spending. over the next ten years, the budget, even with the sequester, will go from $3.5 trillion to $5.9 trillion. we're still going to get $2.4 trillion more spending. we're just not going to get $2.5 trillion more spending. i view the sequester as a very tiny step in the right direction. >> jared, you look at some of these figure, if you include the emergency money more hurricane sandy, that just means we've had a 30% increase since 2008. now under the so-called sequester, we'll have a 5% increase. it's not like we're ripping the government to shreds. >> look, the way this works is you get negative fiscal impulse when you do less then th year than you did last year. let's go to the non-partisan congressional budget office. they told us on tuesday this year they expect the economy to grow 1.4%. i don't think there's anybody listening to my voice on our financial news network of cnbc who likes that number, 1.4%. i suspect you don
for at tleeft two months. the obama administration's decision on the keystone oil pipeline won't be made until at least june. that's according to a u.s. officials. the projects has been pending for more than 4 1/2 years. of course, we've had lots of debate about the pipeline even here around this table. >> let's check on the markets this morning. the futures are probably going to be what steady as we go. we'll see what happens at 8:30. but not bad so far. that would be getting back almost exactly what we lost yesterday. we lost about 49 points. and there's a lot of -- it was a great january, but then got that gdp number. we're warning, does it necessarily mean that the market has been wrong about the economy? or was it the one off and was it, you know, some special factors that caused that shrinkage and does it get revised back up and subsequent reports? i've heard a lot of places. this is the best negative gdp report. >> well, if you're going to have to pick a negative one, this would be it. >> but there was a lot of good stuff. >> it doesn't startle the market at all when it came out. >> i d
Search Results 0 to 1 of about 2